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State outpaces nation in job creation; unemployment falls

 IBJ Staff
December 20, 2013
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Job numbers increased faster in Indiana in November than in any other state, the government reported Friday morning. The unemployment rate also fell 0.2 points, to 7.3 percent.

The state added a seasonally adjusted 25,200 nonfarm jobs—the third-largest figure in the nation—over October. The 0.9-percent increase was fastest in the nation.

"Today’s employment news in Indiana stuns the senses," Ball State University economist Mike Hicks said in an e-mailed statement. "Nearly one out of every eight jobs created nationally were created here in Indiana. The composition of jobs were also strong, with manufacturing, logistics and construction comprising the top three job gaining categories."
 
Leading Indiana’s job gains were trade, transportation and utilities, up 6,800 positions, and construction, up 4,800. Manufacturing added 4,800 jobs and professional and business services—a category that includes temporary jobs—was up 4,700 positions.

The Indiana Department of Workforce Development pointed out that Indiana was responsible for nearly 13 percent of national private-sector job growth in November.

“November was a historic month of job growth in Indiana,” commissioner Scott B. Sanders said in a prepared statement. “It is encouraging that fewer Hoosiers are unemployed than in November of 2008, and the unemployment rate has dropped by more than a percentage point over the past few months. However, we need to keep the ball moving by strengthening Indiana’s pro-growth climate.”

The figures are preliminary, thus subject to adjustment.

Figures for the Indianapolis metro area were not immediately available.

With November’s gains, the state is within striking range of record employment.

The 2,980,300 jobs in November were 38,400 short of the record 3,018,700 set in May 2000.

November also is 12,800 short of the interim peak of 2,993,100 reached in June 2007—months before the Great Recession began.

Indiana’s jobless rate was lower than all surrounding states and 0.2 points above the U.S. average.

"These numbers are two-and-a-half times better than a 'very good' month in job creation," Hicks said. "While these numbers may be revised in coming months, this is once again evidence that Indiana is rebounding far better than the nation as a whole."

 

 


 

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  • More jobs, less income
    It's interesting that everyone talks about increasing employment figures, but no one seems to spend some time at Stats Indiana or the St Louis Fed's Federal Reserve Economic Data. Maybe some other numbers need to be discussed to temper the exuberance. The employment numbers may be increasing, but the per capita income continues to decrease. More jobs, less money for those jobs.
  • And
    Out of curiosity, I sought out other articles on this report. Seems the IBJ decided to leave out Hicks' expectation that those numbers, regionally, will be revised downward and that other economists have a much more cautious interpretation, specifically concerning Indiana's reliance on tax cuts and manufacturing as growth drivers. So. I guess my theme here is educate yourselves.
  • Seriously
    All of you need to go look at the actual data. The monthly decline in Illinois, Michigan, Kentucky, and Indiana was identical at -0.2% with the total US decline being -0.3%. So, while this might be some kind of record here, it's regional and national, not something special that happened only in our state. Sorry, Dave and Evan.
  • Please
    Agreed w Jim F. For all you Pence/GOP praisers, what's been leading job growth is low-wage service sector job creation, which taxpayers subsidize...so these could be Wal-Mart jobs for all we know. And that's nothing to gloat about.
  • Underlying Cause of Increase Not Clear
    Wow! Most of the commenters are jumping to conclusions about who created these jobs and turning it into a Republican vs Democrat issue. How sad! Truth is, the article offers no analysis of the underlying reasons for the job growth nor does it discuss job losses during the month. I agree that Governors and Presidents don't create jobs but can set a proper tone. Lets see how the final numbers come out along with some analysis of what caused the job increases before we attribute it to political parties.
  • Not Really True
    Governors do not create private sector jobs, but they sign into law enactments of the legislature which make their states attractive to businesses which do create those jobs. Right to work is an example of legislation which has broken an aged union stranglehold and made Indiana more attractive than, say Illinois. Also, by managing the state in a fiscally responsible way, those same businesses see that they can grow in a state that has shy high taxes and is even then buried in debt that it can never repay. Pence is too new to deserve much credit. If a toast is to be made, it goes to the general Assembly and former Governor Daniels.
  • State Outpaces nation
    I think the way this works is that, when there is good news here, it's due to the wonderful Wizard of Ozbama and when there is bad news, its Pence's, Reagan's and GWB's fault!
  • Really?
    No sitting Indiana governor ever created a single private sector job while governor. Wise observers neither blame them when the economy tanks, nor credit them when the economy booms.
  • Hahahahah
    Good one dave :) Democrats will whine how those mean rich Republicans are taking away their rights and hurting the middle class by cutting their taxes......... Wonder why Democrats have basically no power in our state? Republican SuperMajority in the house and senate with a Republican Governor.
  • Wow
    Can't wait to hear the Democrats spin on this. "If we had a better Governor and more favorable legislature we would have created 100% of the jobs in the U.S." Maybe Glenda Ritz can help them craft their respones.

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